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Despite 2025 housingmarket predictions changing fast , there are still key themes and trends for realestate leaders to watch to best serve their clients and business. See what she had to say below and register today for the Housing Economic Summit on Feb. What should Realtors know about this information?
Redfin has conducted a survey of its agents across the industry to gauge key insights into the challenges and opportunities facing todays realestate professionals. In its 2025 Industry Survey , Redfin dug deeper into how realestate agents view their careers, the housingmarket, and other hot-button industry issues.
In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. To kick off the live conversation, Velt asks a question about the current challenges facing the housingmarket in 2025.
The role of the realestate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. This was unambiguous among homebuyers. This concern even outweighed factors related to money.
Whether you’re looking to start a career in realestate, already have one or are involved in realestate transactions, you may find yourself wondering about industry terminology and job titles. So, let’s start with the basics: What is a realestate broker vs. an agent? Summary What is a realestate agent?
Youve likely heard about realestate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Its important to understand how realestate teams work for you to decide whether its the right career move for you. How do realestate teams work?
Brokerages are scrambling to adapt to the post-settlement landscape of realestate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The addition of teams is an efficient way for major brokerages to bolster agent counts and boost sales volumes on their income statements.
Commissions paid to realestate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. In relatively competitive housingmarkets, agents are seeing more negotiation over who pays the buyer’s agent, and how much they are paid.
Realestate agents often make the mistake of believing their clients will remember them forever but they dont. One of the easiest and most cost-effective ways to stay top-of-mind with clients and prospects is by consistently delivering value in an informative, helpful realestate newsletter. So, where do you start?
Zillow anticipates a more active housingmarket with more buyers obtaining the upper hand in 2025. In 2025, Zillow projects that buyer markets will expand to the Southwest as inventory continues to become stranded in reasonably priced cities. As 2025 draws near, mortgage rates are once again in the news. Pets deserve homes too!
As the recovery continues, the California Association of Realtors (CAR) said that residents should accept change instead of fighting it. The California Association of Black RealEstate Professionals (CABREP) hosted a webinar on Tuesday with key officials from CAR.
The luxury realestatemarket is on a growth trend early in 2025. This success pushed one of the countrys top luxury realestate brands to a strong year for sales volume. as reported by the National Association of Realtors (NAR). Sothebys International Realty recently released its 2024 performance report.
When I first started in realestate , I thought my job was solely about helping buyers and sellers. Realestate agents have the privilege of guiding people through one of their biggest life decisions. Use your network for good : As realestate professionals, we know a lot of people.
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. Bryan VantHof, a member of the RE/MAX Advantage Plus -brokered The Minnesota RealEstate Team , also believes the amount the seller nets is central to getting a deal closed.
The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 The existing-home sales report comes as major realestate companies are releasing their forecasts for the 2025 housingmarket.
These off-market listings not only harm sellers, but they limit exposure to potential buyers, possibly deepening inequities that have long existed in realestate. We must maintain transparency in the housingmarket so we dont go back to the dark ages of realestate.
Baby boomers have overtaken millennials as the largest share of homebuyers , making up 42% of all purchases in the past year, according to a report from the National Association of Realtors (NAR). NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market.
The housingmarket in 2024 was about as frustrating for the realestate industry as you can imagine. Whether 2025 will be a better market depends on who you ask. HousingWires comprehensive 2025 housingmarket forecast calls for existing-home sales to be slightly higher at 4.2 million.
Davis believes that by aligning with the right lender and expanding product offerings, originators can position themselves as valuable partners in a shaky market. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Non-QM opens doors for realestate investors.
For agents navigating and servicing the American housingmarket , acknowledging its profound evolution over recent decades is crucial. Looking back to the 2005 and 2006 realestate peak, lofty home prices reached a then staggering-sounding high of $230,200 in July 2006. Or, they are going back to renting!
Stable mortgage rates – even if they remain relatively elevated – could be the key to unlocking confidence in the housingmarket. What variables are shaping, and shaking, the housingmarket? The instability in the housingmarket is evident in existing-home sales and home builder sentiment.
The COVID-19 pandemic impacted the housingmarket like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of realestate trends.
According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housingmarket. Younger millennials (90%) were the most likely to use an agent.
million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% And while the slower sales pace may not be great news for realestate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers.
In our dedication to providing the full picture to housing professionals across the U.S. housingmarket, HousingWire has partnered with Illinois Realtors , bringing exclusive news, market data and housing research to the 50,000 Illinois Realtors that power the state’s realestatemarket.
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. What does a realestate reporter do to mark the one-year anniversary of the Sitzer/Burnett jury verdict ? Funny you should ask.
housingmarket is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. HousingMarkets The median household income for the average homebuyer increased from $107,000 in 2022 to $108,800 in 2023.
Ohio REALTORS, one of the largest and most influential realestate associations in the Midwest, has announced its partnership with HousingWire , the leading source for housingmarket news and information. ”
The recent announcement of Homie’s decision to strip its brokerage services and end employment for its realestate agents has once again brought the discussion of alternative models in realestate to the forefront. I vividly recall when Homie first entered the market.
With the National Association of Realtors ( NAR ) reportedly set to vote on the future of its Clear Cooperation Policy (CCP) in the not-too-distant future, the leader of Coldwell Banker Realty is not holding back her feelings about the controversial rule. Lane offered more thoughts in her op-ed.
Mortgage professionals are no exception – whether you find yourself tweeting for work or in your free time, you may also want to follow accounts for people and organizations that are relevant to the industry in order to stay up-to-date on the latest news about the housingmarket. economy and specializes in the housingmarket.
The realestatemarket has witnessed significant fluctuations over the years, and the accompanying challenges for realestate agents can offer valuable insights and opportunities. This collapse not only devastated the housingmarket but also triggered a global financial crisis.
Realestate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. The National Association of Realtors reported this week that existing-home sales in August fell by 2.5%
In a difficult housingmarket for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues.
The National Association of Realtors (NAR) was one of the more bullish forecasters of the 2025 housingmarket, but the trade group has revised its outlook. million in 2025.
The National Association of Realtors (NAR) analyzes how the NFIP promotes and impacts local and national home sales and economic activity in a new report. In addition to buyers and sellers, this disruption might have repercussions for the economy, associated sectors, and the larger realestatemarket. Or Will It?
A newly released episode of the RealEstate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housingmarket after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug.
HousingWire, the leading source for housingmarket news and information, announced its partnership with Columbus Realtors, the largest city-based Realtor association in Ohio. Columbus Realtors aims to be the leading voice of realestate in central Ohio.
Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how realestate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housingmarket. “I
The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 To get the housingmarket to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 Housing is the cost of shelter to own the debt; it’s not an investment.
With our commitment to providing insights that housing professionals can make decisions on, HousingWire announced a new partnership with Greater Bergen Realtors , delivering exclusive news, market data and housing research to agents in New Jersey’s Greater Bergen Realtors association.
The looming impacts on realestate and insurance are also at the forefront of Californians minds. Michael Nourmand, president of Beverly Hills-based Nourmand & Associates Realtors , said that while he hasnt had to evacuate, he knows several people whose homes have been destroyed. I don’t think that solves the problem.
Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. Together, the median age of all homebuyers sits at 56.
I have been part of the mortgage banking industry since 1983 — 39 years to date through different housingmarkets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housingmarket like the one in 2020 and 2021. economy, especially the mortgage and housing sector.
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